![]() Someone trained to properly keep, report, and inspect financial records and transactions. Whether you’re a business owner or a student, here is the ultimate list of accounting terms and definitions. 60 Basic Accounting Terms & DefinitionsĪccounting can be overwhelming, so here is a list of the most basic accounting terms with easy-to-understand definitions. With an understanding of what accounting is, keep reading for more common terms you’ll encounter in your research and use of accounting software. For a deeper look into accounting, check out our accounting eBook for beginners. ![]() However, the simplest definition of accounting is that it is understanding, recording, and analyzing financial transactions. There are several definitions for accounting.
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